To determine the rankings, the EIU compares the prices of more than 400 products and services worldwide, including food, drink, clothing, household supplies, and transportation. Each city is then ranked in comparison to New York on the World Cost of Living (WCOL) Index, with New York assigned a score of 100. Other cities earn a relative score, where a one-point increase or decrease equates to a 1% change in the cost of living.

Asian cities dominate the list, with Singapore and Hong Kong earning the top two spots. At No. 9, New York was the only place in the United States to crack the top 10.

Below, check out the 10 most expensive cities in the world. The average price of a loaf of bread, bottle of table wine and liter of gas is included for context, and all prices are listed in USD.